Chinese banks to start enforcement action against Anil Ambani’s worldwide assets

The three Chinese banks to whom Anil Ambani owes more than $716 million (Rs 5,276 crore), as well as significant legal costs, have decided to pursue their rights against him on his worldwide assets, following the beleaguered Reliance Group chairman’s English high court cross-examination on Friday.

from Banking/Finance-Industry-Economic Times https://ift.tt/3367v0c